Go electric with a NAB Car Loan powered by Plenti

NAB has partnered with Plenti, an award-winning fintech lender, to provide faster secured car loans. When buying or refinancing an electric vehicle with a NAB Car Loan, you can take advantage of no exit fees and discounted rates. Plenti’s smart, paperless borrowing experience means you can spend more time cruising the open road and less time on your loan application.  

Get your personalised rate quote in minutes without impacting your credit score.

Benefits of a NAB Car Loan for an electric vehicle

Borrow up to $100,000

Whether you’re shopping for a new or used car, borrow between $10,000 and $100,000 to get behind the wheel with confidence.

Fast decision

Apply in minutes and receive same day approval, with funds transferred within one business day of us agreeing to the loan.

Competitive rates

Discounted fixed interest rates from 5.74% p.a. to 12.54% p.a.  (comparison rate from 7.30% p.a. to 14.04%p.a. ) for all-electric and plug-in hybrid vehicles.

Zero exit fees

Save money and experience peace of mind with the freedom to pay off your loan early with no exit fees or penalties.

Flexible loan term

Choose from one to seven-year terms to fit your budget and timeline, putting you in the driver seat.

Fixed monthly repayments

Have certainty in your cashflow and know exactly what you're spending each month with fixed repayments to make budgeting easier.

Things to consider

Before you apply for a NAB Car Loan for an electric vehicle, here are a few things to consider.

  1. The interest rate will be fixed for the loan term

  2. Repayments are required monthly via direct debit

  3. No redraw is available from extra funds

  4. Sole borrowers only can apply

  5. Your car will be used as security for repayment of the loan

NAB Car Loan fees

Loan establishment fee

$350
Loan service fee $15 per month
Late payment fee $7 per week
Exit fee $0

Eligibility

Check you’re eligible to apply online

  • You’re an existing NAB personal customer and registered for NAB Internet Banking.

  • You’re 21 years or older.

  • You’re purchasing an eligible new or used car up to 12 years old at the time of application (based on build date).

  • You’re an Australian citizen, New Zealand citizen or Australian Permanent Resident.

  • Your residential address is in Australia.

  • You’re receiving a regular income.

How to apply

Step 1: Get your rate quote

You can get a quote in as little as a minute without impacting your credit score. Simply tell us a few things about yourself and the car you’re looking to purchase (if you know it yet).

Once you have a rate quote, you can customise your loan details to get an estimate of your monthly repayments.

Step 2: Submit your application

Tell us more about yourself, such as your income, expenses and debts, and the car you’re looking to purchase.

Step 3: We’ll review your application

We’ll let you know if you’re conditionally approved and what additional information we need to finalise your loan such as the vehicle details, typically within one business day.

Step 4: Review and sign your loan

To finalise your loan offer, you’ll need to review and sign the loan contract.

Step 5: Funds are ready

Funds will be transferred to the vendor within one business day of us agreeing the loan.

Ready to get started?

Get your rate quote in as little as one minute through NAB Internet Banking, without impacting your credit score.

Get a quote , opens in new window

Tips Car buying guides

Buying a car

Buying a car? We'll show you some finance options along with cost saving tips on running your car.

How to finance your new car

Learn if a car loan, dealer finance or leasing is the right option for your new car.

How to get a car loan

Learn about our secured and unsecured car loans, and how to get approved so you can get behind the wheel sooner.

Helpful information for hybrid or electric cars

If you’re thinking about a hybrid or electric vehicle and aren’t sure where to start, check out these Australian Government resources to learn more.

Green vehicle guide , opens in new window

Learn more about fuel consumption, emission data and other helpful information.

Electric vehicles , opens in new window

Learn more about electric vehicles and whether it is right for you.

Hybrid vehicles , opens in new window

Learn more about hybrid vehicles and whether it is right for you.

Other products to consider

Still interested in buying a car? Here are some other options that may suit your needs.

Car loans

With a loan from us, you can buy your dream car, first car or something in between.

NAB Car Loan

Buy your dream car, your first car or something in between with a NAB Car Loan.

Help and support

We have guides and support to help you apply for a loan or manage an existing one.

Get in touch

Call an expert

Speak with one of Plenti’s loan specialists.

1300 768 700

Monday to Friday, 9:00am to 5:30pm (AEST/AEDT)
Closed on weekends and National Public Holidays

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